Financial stability vital to fund selection - advisers

A survey of 567 advisers found 22% regard stability as key, second only to a fund manager's reputation, which 54% said is the most important criteria. Just 16% said cost is the most important factor - other than performance - in the fund selection process, while quality of service and a product provider's brand were bottom of the list with 13% and 2% respectively. "Reputation and financial stability seem to have become the cornerstones of fund selection criteria due to the crisis and the ensuing market turbulence, which is not only understandable but fully commendable," head of UK ret...